Horizon Oil Future Growth

Future criteria checks 1/6

Horizon Oil is forecast to grow earnings and revenue by 4.2% and 4.8% per annum respectively while EPS is expected to grow by 4% per annum.

Key information

4.2%

Earnings growth rate

4.0%

EPS growth rate

Oil and Gas earnings growth	8.0%
Revenue growth rate	4.8%
Future return on equity	n/a
Analyst coverage	Low
Last updated	30 Aug 2024

Recent future growth updates

Results: Horizon Oil Limited Exceeded Expectations And The Consensus Has Updated Its Estimates

Aug 31

Recent updates

Results: Horizon Oil Limited Exceeded Expectations And The Consensus Has Updated Its Estimates

Aug 31

Horizon Oil (ASX:HZN) Could Become A Multi-Bagger

Apr 19

Calculating The Fair Value Of Horizon Oil Limited (ASX:HZN)

Feb 01

Horizon Oil Limited's (ASX:HZN) 29% Dip In Price Shows Sentiment Is Matching Earnings

Sep 01

Horizon Oil (ASX:HZN) Has Debt But No Earnings; Should You Worry?

Feb 26

Horizon Oil (ASX:HZN) Share Prices Have Dropped 46% In The Last Year

Dec 15

Earnings and Revenue Growth Forecasts

ASX:HZN - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2027	130	29	47	58	1
6/30/2026	154	40	55	75	1
6/30/2025	146	36	49	70	1
6/30/2024	111	26	28	64	N/A
3/31/2024	127	35	43	71	N/A
12/31/2023	143	43	58	79	N/A
9/30/2023	147	44	49	75	N/A
6/30/2023	152	44	41	72	N/A
3/31/2023	148	40	42	65	N/A
12/31/2022	145	35	42	58	N/A
9/30/2022	126	30	44	57	N/A
6/30/2022	108	24	46	57	N/A
12/31/2021	77	11	28	38	N/A
9/30/2021	70	8	22	31	N/A
6/30/2021	64	5	16	23	N/A
12/31/2020	58	10	14	23	N/A
9/30/2020	71	13	21	30	N/A
6/30/2020	84	16	29	37	N/A
3/31/2020	98	19	43	50	N/A
12/31/2019	111	23	57	63	N/A
9/30/2019	117	30	60	68	N/A
6/30/2019	122	36	63	73	N/A
3/31/2019	125	31	47	70	N/A
12/31/2018	127	27	32	68	N/A
9/30/2018	114	12	26	63	N/A
6/30/2018	100	-3	20	58	N/A
3/31/2018	87	-4	N/A	49	N/A
12/31/2017	73	-5	N/A	40	N/A
9/30/2017	71	-3	N/A	38	N/A
6/30/2017	69	0	N/A	36	N/A
3/31/2017	67	-54	N/A	35	N/A
12/31/2016	66	-108	N/A	35	N/A
9/30/2016	71	-126	N/A	40	N/A
6/30/2016	76	-144	N/A	44	N/A
3/31/2016	84	-88	N/A	55	N/A
12/31/2015	92	-31	N/A	65	N/A
9/30/2015	98	-6	N/A	62	N/A
6/30/2015	104	18	N/A	59	N/A
3/31/2015	115	19	N/A	59	N/A
12/31/2014	127	20	N/A	60	N/A
9/30/2014	133	17	N/A	62	N/A
6/30/2014	138	13	N/A	65	N/A
3/31/2014	117	12	N/A	51	N/A
12/31/2013	95	10	N/A	37	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: HZN's forecast earnings growth (4.2% per year) is above the savings rate (2.6%).

Earnings vs Market: HZN's earnings (4.2% per year) are forecast to grow slower than the Australian market (12.5% per year).

High Growth Earnings: HZN's earnings are forecast to grow, but not significantly.

Revenue vs Market: HZN's revenue (4.8% per year) is forecast to grow slower than the Australian market (5.9% per year).

High Growth Revenue: HZN's revenue (4.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if HZN's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 04:50
End of Day Share Price	2024/12/20 00:00
Earnings	2024/06/30
Annual Earnings	2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Horizon Oil Limited is covered by 14 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Johan Hedstrom	Bell Potter
James Bullen	BofA Global Research
Alva DeVoy	CGS International

Horizon Oil Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Results: Horizon Oil Limited Exceeded Expectations And The Consensus Has Updated Its Estimates

Horizon Oil Limited Revises Sales Volume Guidance for the Fiscal Year 2024

Horizon Oil Limited Announces Re-Start of Production At WZ12-8 East Oilfield in Block 22/12, Beibu Gulf, China

Recent updates

Upcoming dividend of AU$0.015 per share

Horizon Oil Limited Announces Board Changes

Less than half of directors are independent

Results: Horizon Oil Limited Exceeded Expectations And The Consensus Has Updated Its Estimates

Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Horizon Oil Limited, Annual General Meeting, Nov 20, 2024

New Zealand Oil & Gas Limited (NZSE:NZO) and Horizon Oil Limited (ASX:HZN) completed the acquisition of 50% stake in Mereenie licenses in the Amadeus Basin from Macquarie Mereenie Pty Limited.

Horizon Oil Limited Revises Sales Volume Guidance for the Fiscal Year 2024

Upcoming dividend of AU$0.015 per share

First half dividend of AU$0.015 announced

First half 2024 earnings released: EPS: US$0.011 (vs US$0.012 in 1H 2023)

New Zealand Oil & Gas Limited (NZSE:NZO) and Horizon Oil Limited (ASX:HZN) agreed to acquire 50% stake in Mereenie licenses in the Amadeus Basin from Macquarie Mereenie Pty Limited.

New major risk - Revenue and earnings growth

Upcoming dividend of AU$0.02 per share at 22% yield

MD, CEO & Director exercised options to buy AU$1.7m worth of stock.

New minor risk - Shareholder dilution

Horizon Oil Limited Declares Final Unfranked Dividend for the Year Ended June 30, 2023, Payable on 25 October 2023

Full year 2023 earnings released: EPS: US$0.027 (vs US$0.015 in FY 2022)

Horizon Oil (ASX:HZN) Could Become A Multi-Bagger

Upcoming dividend of AU$0.015 per share at 16% yield

First half 2023 earnings released: EPS: US$0.012 (vs US$0.005 in 1H 2022)

Horizon Oil Limited Completes Four WZ12-8E Phase 2 Wells in Block 22/12, Beibu Gulf, China

Less than half of directors are independent

Horizon Oil Limited Commences Production from Infill Wells on the Wz6-12M and Wz6-12N Fields, and Commences Wz12-8E Phase 2 Drilling Programme

Less than half of directors are independent

Horizon Oil Limited Announces BLOCK 22/12, WZ12-8E PHASE 2 DRILLING PROGRAMME

Horizon Oil Limited, Annual General Meeting, Nov 16, 2022

Horizon Oil Limited Reports Update on Block 22/12, WZ6-12 Workover and Drilling Programme

Horizon Oil Limited Announces Ordinary Fully Paid Dividend for the Twelve Months Ended June 30, 2022, Payable on October 20, 2022

Horizon Oil Limited Provides Block 22/12 Production Update

Horizon Oil Limited Announces Commencement of Wz6-12 Workover and Drilling Programme in Block 22/12, Beibu Gulf, China

Horizon Oil Limited Announces Re-Start of Production At WZ12-8 East Oilfield in Block 22/12, Beibu Gulf, China

Less than half of directors are independent

Horizon Oil Limited Announces Wz12-8E A8 Exploration Well - Drilling Commences

Horizon Oil Limited Appoints Richard Beament as Director

Horizon Oil Limited Appoints Kyle Keen as Chief Financial Officer

Horizon Oil Limited Announces WZ12-8E Production and Operations Update

Less than half of directors are independent

Horizon Oil Limited Commences Production from 12-8 East Project, Offshore China

First half 2022 earnings released

Calculating The Fair Value Of Horizon Oil Limited (ASX:HZN)

General Counsel & Company Secretary Kylie Quinlivan has left the company

Horizon Oil Limited's (ASX:HZN) 29% Dip In Price Shows Sentiment Is Matching Earnings

Full year 2021 earnings released: EPS US$0.004 (vs US$0.042 loss in FY 2020)

Inaugural dividend of AU$0.03 per share

Inaugural dividend of AU$0.03 per share

Horizon Oil Limited Updates Progress on WZ12-8E Development, China

Horizon Oil (ASX:HZN) Has Debt But No Earnings; Should You Worry?

First half 2021 earnings released: EPS US$0.001 (vs US$0.006 in 1H 2020)

Horizon Oil (ASX:HZN) Share Prices Have Dropped 46% In The Last Year

Full year earnings released - AU$0.042 loss per share

Horizon Oil Limited(ASX:HZN) dropped from S&P/ASX All Ordinaries Index

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

Discover growth companies

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources